Stock Radar: BEL hits fresh record high on Budget day; stock forming ascending channel pattern – time to buy?

Bharat Electronics Ltd (BEL) reached a fresh record high on Budget Day before profit-booking pared gains. Experts suggest buying the stock now or on dips for a target of Rs 485-500 in 3-4 weeks, citing bullish ascending channel and triangle patterns. The stock is trading above key moving averages with a positive MACD.